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Showing posts from March, 2013

GDP and Development

Gross Domestic Product (GDP) is a good measure of country’s growth. Does it inform the disparity in society and access to goods or services for poor at the bottom of the economic pyramid? Despite high economic growth number of poor continues to grow worldwide and natural resources deteriorate at faster rate. We need to understand the current model of economic development and how much loss of natural resources occur per unit of so called GDP growth and also how much impact on people whose life is displaced in the name of economic development. There is increasing social unrest in many parts of the world against big development plans. If these development programs are intended to improve the lives of people then why some people are protesting? We need to understand this from social and ecological point of view. As I am writing this, I came across news from India ( Kids join Posco stir:…